npub19rvgr6sdxmwcn0e6q5gjstackhpm5zxds2r46f3ylgxc70glts6qfpfak8 (npub19rv…fak8) Not just true competition, though; unfettered competition ultimately degrades to winner-take-all markets. As I mentioned in another toot tonight, Adam Smith’s idea of the invisible hand didn’t operate in a moral vacuum.
Totally agree on the megacorps issue; this is the problem with debates about “capitalism”—we act like competition, markets, free enterprise, etc., are capitalism, and can only exist under capitalism, but that’s not so. Capitalism just means capital is in charge.
Max Leibman /
npub1em…s06rm
2024-03-09 02:51:25
in reply to nevent1q…e2qe
Author Public Key
npub1emnd2ngzaa9c4t9cynep8vlhvnyy2rak4cax5glv6vgpe6zkckfq9s06rmPublished at
2024-03-09 02:51:25Event JSON
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